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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lee Walsh who wrote (1748)	6/17/1998 1:56:00 PM
From: Djeff	Read Replies (1) \| Respond to of 11684

Great Info keep pouring it on!!!

To: Lee Walsh who wrote (1748)	6/17/1998 2:18:00 PM
From: Supe	Read Replies (1) \| Respond to of 11684

Lee.. You'll have to wait for a reply. Their still wiping the egg off . Great job. Supe

To: Lee Walsh who wrote (1748)	6/17/1998 2:23:00 PM
From: Alan S. Cameron	Respond to of 11684

Thanks Lee, everything just keeps getting better and better, including the share price. This one may allow me to retire earlier than planned!

To: Lee Walsh who wrote (1748)	6/17/1998 2:38:00 PM
From: jhild	Read Replies (4) \| Respond to of 11684

Here you go Lee. You think that some guys in Houston dressing up some land leases in West Virginia into a revenue producing silk purse is so easy, take a look at the capital intensive nature of this business: sec.gov This is a coal company ACI, now called Arch Coal Incorporated, that at the time of this filing (1995) was even more of a WV/Eastern Kentucky enterprise. You will note the heavy investment costs needed to extract their primary product - low sulphur, bituminous. Note the heavy debt load to carry the plant and equipment. Their operating margins are razor thin at under 5%, and their sales are preferably committed through long term contracts to Eastern power utilities. Subsequent history, I believe, shows that Ashland divested this company into it's current form as Arch Coal. And these are the guys that Mountain is going to try and compete against. This filing is interesting imo, as it enumerates the expenses and margins of a real producing mining enterprise. Not the speculative statements of a management team that is located more than a thousand miles away, shaking and baking with a reverse merger on a collapsed penny stock shell.